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Overspending on Debit Cards Is a Boon for Banks

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Margaret Bassett
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By RON LIEBER and ANDREW MARTIN
Published: September 9, 2009
Banks have long pitched debit cards as a convenient and prudent way to buy, but a growing number now allow consumers to exceed their balances à ‚¬" for a price.
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Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.

Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.
Related Topic(s): Banks; Consumer; Consumer Affairs Credit Card Interest; Usury, Add Tags
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